Automate your vendor risk management program using advanced workflows
Running a successful vendor risk management program involves following many processes and steps. As your program grows to managing hundreds or even thousands of vendors, the risk of inconsistencies in following processes can increase through human errors and can lead to decreased productivity.
Venminder’s Advanced Workflows Module was built to help you drive process consistency by allowing you to define and automate required activities or tasks using rule-based logic. The functionality ensures your team is closely aligned to your defined processes and provides structure in how, when and by whom you want actions executed. Your teams can follow a series of automated actions that can trigger additional actions as they progress through the workflow with the ability to add approvals along the way.
Drive process consistency with automated direction
Improve your team’s task management with process workflow roadmaps that drive
consistency and make it easier for users to follow.
Configure to suit your processes
Easily configure workflows with onetime or recurring options and base it off triggers such as when a new vendor product is requested/added or when their review period begins.
Build efficiencies and streamline your entire program
Incorporate all areas of your due diligence, contract management, risk assessment,
questionnaires, SLA management and more for a fully automated and comprehensive program.
- Create custom workflows
- Define required activities or tasks
- Choose whether one-time or recurring
- Easily configurable
- Incorporate approval processes
- Assign ownership of tasks
- Set up escalation notifications
- Create workflows to trigger manually, on-demand
- Utilize pre-loaded templates
It's already easy to use. But we're still here for you.
Venminder is praised for very simple and straightforward implementation. We’ll match your speed, create a project plan to meet needs and goals and configure your account including data imports.
Venminder’s renowned customer support is responsive and ready to listen. Reach out by email, phone or chat. We work closely and create a collaborative partnership to find solutions.
You may also like...
Whether you have gaps in subject matter expertise or simply don’t have enough expert resources, use our library of completed risk assessments to see where your vendors are weak.
The Venminder team can become your cost-effective staff augmentation answer and reduce your vendor management workload.